A socialist state, socialist republic, or socialist country, sometimes referred to as a workers' state or workers' republic, is a sovereign state constitutionally dedicated to the establishment of socialism. The term communist state is often used synonymously in the West, specifically when referring to one-party socialist states governed by Marxist–Leninist communist parties, despite these countries being officially socialist states in the process of building socialism and progressing toward a communist society. These countries never describe themselves as communist nor as having implemented a communist society. Additionally, a number of countries that are multi-party capitalist states make references to socialism in their constitutions, in most cases alluding to the building of a socialist society, naming socialism, claiming to be a socialist state, or including the term people's republic or socialist republic in their country's full name, although this does not necessarily reflect the structure and development paths of these countries' political and economic systems. Currently, these countries include Algeria, Bangladesh, Guyana, India, Nepal, Nicaragua, Sri Lanka and Tanzania. The idea of a socialist state stems from the broader notion of state socialism, the political perspective that the working class needs to use state power and government policy to establish a socialised economic system. This may either mean a system where the means of production, distribution, and exchange are nationalised or under state ownership, or simply a system in which social values or workers' interests have economic priority. However, the concept of a socialist state is mainly advocated by Marxist–Leninists and most socialist states have been established by political parties adhering to Marxism–Leninism or some national variation thereof such as Maoism, Stalinism, or Titoism. A state, whether socialist or not, is opposed the most by anarchists, who reject the idea that the state can be used to establish a socialist society due to its hierarchical and arguably coercive nature, considering a socialist state or state socialism as an oxymoron.

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Đổi Mới
Đổi Mới (ɗo᷉i mə̌ːi; ) is the name given to the economic reforms initiated in Vietnam in 1986 with the goal of creating a "socialist-oriented market economy". The term đổi mới itself is a general term with wide use in the Vietnamese language meaning "innovate" or "renovate". However, the Đổi Mới Policy (Chính sách Đổi Mới) refers specifically to these reforms that sought to transition Vietnam from a command economy to a socialist-oriented market economy.
People's republic
People's republic is an official title that is mostly used by current and former communist states, as well as other left-wing governments. It is mainly associated with soviet republics, socialist states following the doctrine of people's democracy, sovereign states with a democratic-republican constitution that usually mentions socialism, as well as some countries that do not fit into any of these categories. A number of the short-lived socialist states that formed during World War I and its aftermath called themselves people's republics.
Socialist-oriented market economy
The socialist-oriented market economy (Vietnamese: Kinh tế thị trường định hướng xã hội chủ nghĩa) is the official title given to the current economic system in the Socialist Republic of Vietnam. It is described as a multi-sectoral market economy where the state sector plays the decisive role in directing economic development, with the eventual long-term goal of developing socialism. The socialist-oriented market economy is a product of the Đổi Mới economic reforms which led to the replacement of the centrally planned economy with a market-based mixed economy based on the predominance of state-owned industry.
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